marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
crude oil
05/20/2022
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By Mary Villareal
EU committing economic suicide by imposing sanctions on Russia
Members of the European Union (EU) have found themselves in a precarious position by joining the U.S. in its proxy war against Russia. An observer noted that European countries are imposing more sanctions on Russia for purely political reasons and with the U.S. applying just enough pressure. Saying no to Russian energy will mean that […]
04/15/2022
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By Mary Villareal
EU looking at embargo on Russian oil products, potentially causing another supply chain catastrophe
European officials are now drafting plans for an embargo on Russian oil products, the most contested measure yet in punishing Russia for its invasion of Ukraine. After banning Russian coal – a move that sent coal prices around the globe at all-time highs – the European Union (E.U.) is now likely to adopt a similar […]
03/20/2022
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By Arsenio Toledo
Oil prices continue to surge amid fears of approaching supply crisis
The price of oil worldwide surged once again on Thursday, March 17, after the International Energy Agency (IEA) warned that the world could experience a massive shortage in the global oil supply by next month. According to the IEA, Russian oil production could shrink by nearly three million barrels per day (bpd) while Russian oil exports could fall […]
03/04/2022
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By Arsenio Toledo
Oil prices surge to multi-year highs as Ukraine conflict causes ripple effect in global oil supplies
Oil prices are climbing to multi-year highs as the ongoing conflict Russia has embroiled itself in is preventing it from exporting a vast supply of crude, causing a ripple effect on global oil supplies. Russia is the second-largest producer of oil in the world. According to 2020 data from the Energy Information Administration, Russia produced over […]
03/03/2022
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By Nolan Barton
Trump calls on Biden administration to boost domestic oil production
Former President Donald Trump has called on the Biden administration to boost oil production in the United States. “We are so foolish,” Trump said during a recent phone interview with Fox Business Network‘s Maria Bartiromo. “The whole thing with the climate is just out of control. Unless everybody is going to do it, [this] makes […]
03/03/2022
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By Kevin Hughes
US oil prices rise to a 7-year high as conflict between Russia and Ukraine continues
As Russia continued its assault on Ukraine’s capital Kiev, oil prices continued to rise Tuesday, March 1, with the U.S. crude reaching its highest level since June 2014. West Texas Intermediate crude futures, the U.S. oil benchmark, surged 11.5 percent to $106.78 per barrel at its peak for the day. It dropped during the afternoon trading and […]
02/21/2022
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By Roy Green
Rising gas prices to hit $7 a gallon if crude oil cost spikes and tension between Russia and Ukraine escalates
Even with no lockdowns, Americans may be inclined to travel less this year. That’s because of rising gas prices brought about by a spike in the cost of crude oil, an unsteady supply chain and the escalating tension between Russia and Ukraine. (Related: Russia warns Ukraine of full-scale conflict along the country’s eastern border.) An energy expert already […]
10/27/2021
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By Arsenio Toledo
Oil prices rise to multi-year high; analysts expect price surge to continue until end of year
Oil prices rose on Monday, Oct. 25, to a multi-year high before slightly stabilizing as the supply chain crisis continues and the demand for fuel surges in the United States. The price of Brent crude futures in the U.S. settled at $85.99 a barrel, representing a 0.54 percent increase following a 1.1 percent surge on […]
10/21/2021
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By Arsenio Toledo
Cost of shipping liquefied natural gas has more than doubled in a month
The natural gas and energy shortages sweeping across Europe, Asia and the United States have now affected the cost of shipping liquefied natural gas (LNG). One of the first disastrous changes to occur to the shipping industry’s prices was the cost of shipping containers soaring. This was followed by the cost of dry bulk cargo […]
05/01/2021
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By Arsenio Toledo
Crude oil production in Alaska at its lowest level in more than 40 years
Crude oil production in Alaska has fallen to its lowest level of production in 44 years. According to the Energy Information Administration (EIA), a statistical office that collects, analyzes and disseminates data for the government regarding the country’s energy sector, crude oil production in Alaska averaged around 448,000 barrels per day in 2020. This is the lowest […]
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